Latest News - October 25th, 2007

Internet Real Estate Group and Monster Venture Partners Announce Formation of Patents.com

Patents.com will be most comprehensive source for patent data worldwide

Ashburn, VA – Today Internet Real Estate Group (IREG) and Monster Venture Partners announced the formation of Patents.com, the first global patent search site to provide over 450 million searchable patent pages in 15 languages. The new company will be led by Chairman Rob Monster, former Founder and Chairman of GMI (Global Market Insite, Inc.), a leading provider of technology-enabled services to the global market research industry; CEO Paul Ratcliffe, former CEO and co-founder of Invequity, LLC an intellectual property consulting company focused on licensing activities and provider of the popular patent data website www.patentmonkey.com; and Executive Vice President for Business Development Stephen Pinkos, former Deputy Under Secretary of Commerce for Intellectual Property (IP) and Deputy Director of the United States Patent and Trademark Office (USPTO).

“When we combine a world class domain name with entrepreneurial industry experts and investment capital – we have the foundation for a significant win,” said Rob Monster, Chairman of Patents.com and Monster Venture Partners. “With the backing of the Internet Real Estate Group, the expertise in intellectual property from Paul and Steve, and the capabilities of strategically aligned business partners, Patents.com is well on its way to being the leading source for patent data worldwide.”

“As we continue to develop premium domains into businesses and brands, we look to add partners with the expertise in the relevant business sector. By acquiring the brains and assets of Paul Ratcliffe and patentmonkey.com, patents.com has an additional leg-up in the sector,” said Andrew Miller, Co-Founder and President of Internet Real Estate Group.

“Adding Steve Pinkos to the Patents.com team is a huge coup. He brings extensive knowledge of the United States Patent & Trademark Office and numerous relationships both in the United States and Global patent communities. We are always looking for leaders to help us grow our brands bigger and faster and Steve brings just the right abilities and contacts to do so for patents.com,” added Co-founder of Internet Real Estate Group Mike ‘Zappy’ Zapolin.

Patents.com was formed by the contribution of selected intellectual property from Internet Real Estate Group and Invequity (patentmonkey.com) with a founding investment from Monster Venture Partners.

The Patents.com website will be live in the coming weeks and a more complete set of data and services will be launched in the first quarter of 2008.

About Patents.com

Patents.com will provide the most comprehensive worldwide source of patent data – to include 450 million searchable indexed patent pages available in 15 native languages. It is a source for both large and small inventors and patent professionals to connect through a hosted community platform enabling them to generate business opportunities, including the licensing and sale of intellectual property.

About Internet Real Estate Group

Internet Real Estate Group, LLC, www.InternetRealEstate.com, a leader in the acquisition and development of category generic domain names and online brands, owns a portfolio of businesses including Software.com, Patents.com, Sweepstakes.com, Phone.com, Podcast.com, Chocolate.com, Jeans.com and Consultants.com, comprising a media network of businesses and communities representing some of the most important online categories.

About Monster Venture Partners, LLC

Monster Venture Partners is a new breed of early-stage venture capital firm based in Seattle. Our investment philosophy is to engage in a genuine hands-on partnership with founders to jointly create value for all stakeholders. For larger opportunities, we co-invest with leading investors from around the world, selecting from a universe of like-minded investors who are able to add strategic value. We are focused on three primary verticals: (1) marketing technology, (2) consumer healthcare, and (3) global consumer internet.

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